EUR/CAD recovers its recent losses registered in the previous day, trading around 1.6110 during the early European hours on Thursday. The currency cross appreciates as the Euro (EUR) receives support ahead of the European Central Bank’s (ECB) policy decision due later in the day.
West Texas Intermediate (WTI) oil price extends gains for the second successive day, trading around $90.70 per barrel during the Asian hours on Thursday.
ING’s Frantisek Taborsky notes Czech inflation has surprised on the downside, but strong wage growth and stable core inflation keep the Czech National Bank on track for a rate hike at its June meeting.